This week I’ve still got my eye on a some on the pairs I’ve been watching for the past few weeks. I only consider trades which show a reasonably clear path away from or to supply and demand on the daily chart so all others are disregarded when using this particular method. See below for this weeks opportunities.
CADJPY – Long
CJ engulfed a supply barrier last leaving the path clear for a rally up into a profit zone, should price decide to move higher. Lower time frame confirmation is needed so we’ll be watching for potential entries into this move.
EURJPY – Long
EJ is still looking like it will rally higher and when if it does, I want to be in. The picture is pretty similar to last week only with Fridays candle looking very bullish.
USDCAD – Short
USDCAD dropped below the daily demand again but then it rallied higher. The profit potential still looks good so we’ll wait and see if we get further breaks lower and an entry.
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